{"id":4640,"date":"2023-08-21T01:56:53","date_gmt":"2023-08-21T01:56:53","guid":{"rendered":"https:\/\/www.riskinasia.com\/?p=4640"},"modified":"2023-09-28T03:01:00","modified_gmt":"2023-09-28T03:01:00","slug":"how-to-work-effectively-in-the-vietnam-business-environment","status":"publish","type":"post","link":"https:\/\/www.riskinasia.com\/how-to-work-effectively-in-the-vietnam-business-environment\/","title":{"rendered":"How to work effectively in the Vietnam business environment?"},"content":{"rendered":"\n<p class=\"yoast-reading-time__wrapper\"><span class=\"yoast-reading-time__icon\"><\/span><span class=\"yoast-reading-time__descriptive-text\">Estimated reading time:  <\/span><span class=\"yoast-reading-time__reading-time\">4<\/span><span class=\"yoast-reading-time__time-unit\"> minutes<\/span><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-insights-into-working-effectively-in-vietnam\">Insights into Working Effectively in Vietnam<\/h2>\n\n\n\n<p>Working effectively in Vietnam&#8217;s business environment requires a nuanced understanding of the local mindset and work culture. This article delves into the five distinct mindsets of Vietnamese workers based on their individual environments, shedding light on their attitudes towards work and reward.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-varied-paces-of-vietnam-s-economy\">The Varied Paces of Vietnam&#8217;s Economy<\/h2>\n\n\n\n<p>Vietnam&#8217;s economy operates at five different speeds, shaped by a combination of local and global factors. These speeds encompass various working environments, ranging from the government sector to foreign companies. Understanding these distinct paces is crucial for anyone seeking success in the Vietnamese business landscape.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image is-style-rounded\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"960\" height=\"720\" src=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/airport-immigration-queue.jpg\" alt=\"\" class=\"wp-image-4643\" srcset=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/airport-immigration-queue.jpg 960w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/airport-immigration-queue-300x225.jpg 300w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/airport-immigration-queue-768x576.jpg 768w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/airport-immigration-queue-870x653.jpg 870w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure><\/div><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"zZWKJasL0N\"><a href=\"https:\/\/www.riskinasia.com\/how-can-i-conduct-business-successfully-in-vietnam\/\">How can I conduct business successfully in Vietnam?<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;How can I conduct business successfully in Vietnam?&#8221; &#8212; Risk in Asia\" src=\"https:\/\/www.riskinasia.com\/how-can-i-conduct-business-successfully-in-vietnam\/embed\/#?secret=SmvMQwQ9Hl#?secret=zZWKJasL0N\" data-secret=\"zZWKJasL0N\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-five-personae-in-vietnamese-business\">The Five Personae in Vietnamese Business<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-1-the-frozen-civil-servant\">1. The Frozen Civil Servant<\/h4>\n\n\n\n<p>The frozen civil servant: he started at early age -with a salary circa US$250 per month-&nbsp; thanks to cooptation, he gets employment for life and at age 60 -with an end-career income of 400$ to US$1,400\/month for a minister + some food and transportation allowance. He is frozen because he has no incentive to work and improve. The more the pushback, the more it creates an incentive (a bonus) to \u2018speed up the process of stamping approval.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-2-the-local-employee\">2. The Local Employee<\/h4>\n\n\n\n<p>Similar to the frozen civil servant, local employees also respond to incentives. However, these bonuses are often distributed privately and tend to stay within predetermined boundaries set by employers or buyers of their services.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-3-the-fast-and-furious-oligarch\">3. The Fast and Furious Oligarch<\/h4>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>The fast and furious oligarch, has tremendous privileges in 1 sector or across sectors as \u2018a license to monopoly\u2019. He must act fast to get the most out of this \u2018term\u2019 in political parlance. Typically within 2 to 5 years great things can and must be accomplished if \u2018you want to become a billionaire\u2019. \u00c0 short to medium term view, unless the Billionaire hiring you is also a visionnaire.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-style-rounded\"><img decoding=\"async\" width=\"825\" height=\"464\" src=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/Vietnam-richest-Forbes.jpg\" alt=\"\" class=\"wp-image-4645\" srcset=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/Vietnam-richest-Forbes.jpg 825w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/Vietnam-richest-Forbes-300x169.jpg 300w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/Vietnam-richest-Forbes-768x432.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-4-the-foreign-company-staff\">4. The Foreign Company Staff<\/h4>\n\n\n\n<p>The foreign company staff, this is the same profile anywhere in the world. We don&#8217;t need to elaborate on the profile and expectations, you just need to have lunch at a grade A office building in any capital city of Asia. Or invite some corporate guys of various ages to dine home and you will get the picture from school graduation, to manager and all the way up to \u2018the lifetime achievement farewell\u2019. Then comes the \u2018well-deserved, quiet and resting\u2019 retirement gardening or golfing depending on the company ladder top rung you reached, when the farewell party is past.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"EOv4PiDT2E\"><a href=\"https:\/\/www.riskinasia.com\/top-tips-for-landing-jobs-in-vietnam-in-2023\/\">Top Tips for Landing Jobs in Vietnam in 2023<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Top Tips for Landing Jobs in Vietnam in 2023&#8221; &#8212; Risk in Asia\" src=\"https:\/\/www.riskinasia.com\/top-tips-for-landing-jobs-in-vietnam-in-2023\/embed\/#?secret=uSRmnRDLci#?secret=EOv4PiDT2E\" data-secret=\"EOv4PiDT2E\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-5-the-countryside-peasants\">5. The Countryside Peasants<\/h4>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-3 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>This is a status very specific to Vietnam. It happens fairly often every year after Tet holidays or after an economic crisis (by sector or global) when times get tougher or\u2026 too tough to be worth the struggle in town. It can be a semi or permanent exit from the rat race. The employee decides to ghost the job or the business world and return to the countryside, to the rental-free family home, to accept less income to help the family make more or less money, enjoy his time and avoid anything near stress or burnout. It is not heaven but every one else can \u2018go to hell\u2019.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-style-rounded\"><img decoding=\"async\" width=\"800\" height=\"375\" src=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/tro-ve-que-song.jpg\" alt=\"\" class=\"wp-image-4644\" srcset=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/tro-ve-que-song.jpg 800w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/tro-ve-que-song-300x141.jpg 300w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/08\/tro-ve-que-song-768x360.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full is-style-rounded\"><a href=\"https:\/\/www.insuranceinasia.com\/guide-to-travel-insurance-in-vietnam-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"800\" height=\"545\" src=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/07\/vietnam-insurance-expats-travel-o.png\" alt=\"\" class=\"wp-image-4547\" srcset=\"https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/07\/vietnam-insurance-expats-travel-o.png 800w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/07\/vietnam-insurance-expats-travel-o-300x204.png 300w, https:\/\/www.riskinasia.com\/wp-content\/uploads\/2023\/07\/vietnam-insurance-expats-travel-o-768x523.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/figure>\n\n\n\n<div class=\"wp-block-ultimate-post-wrapper ultp-block-06d3e4\"><div class=\"ultp-wrapper-block\">\n<p>Subscribe to our newsletter and stay up-to-date with insights on what&#8217;s happening in Vietnam and Asia.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.riskinasia.com\/risk-in-asia-newsletter\/\">Subscribe<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>To work effectively in Vietnam, expats must navigate 5 different personas with sensitivity and adaptability.<\/p>\n","protected":false},"author":3,"featured_media":4643,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149,150],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to work effectively in the Vietnam business environment? 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